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RBA left behind as central banks unleash jumbo rate cuts

Canada is the next in line to slash rates this week as policymakers take more aggressive action to arrest rapidly slowing growth. It’s a very different story in Australia.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Canada’s central bank is the next in line to cut interest rates by a widely expected jumbo half-a-point move this week as rapidly slowing growth prompts policymakers around the world to take more aggressive action. The US Federal Reserve and New Zealand have already made similar cuts and central banks in Europe are also expected to follow suit.

The outsized moves make Australia even more of an outlier as the Reserve Bank battles a still-tight labour market and sticky inflation. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.

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